This table shows a ten year trend analysis of student income in the United Kingdom. It can be noted, that across the period, the percentage of student loans has gone from zero to almost one quarter of the total income.
During the period that the student loans have increased, both the parental contribution and government grant money has reduced. The parental contribution decreased from 32% to 16% across the period whilst the government grant reduced 38% to 14%. It is particularly interesting to note that a student income from earnings has been doubled across the period which together with other sources of income now make-up almost 50% of a students total income; up by almost 20% from ten years earlier.
It might be speculated that this income generation may have been motivated by the reduction in other sources of funding; and even though total student income has increased by 11.8% (after adjustment for inflation) each student shall have accumulated an increasing burden of loan funding in recent years.
This table shows a ten year trend analysis of student income in the United Kingdom. It can be noted, that across the period, the percentage of student loans has gone from zero to almost one quarter of the total income.
During the period that the student loans have increased, both the parental contribution and government grant money has reduced. The parental contribution decreased from 32% to 16% across the period whilst the government grant reduced 38% to 14%. It is particularly interesting to note that a student income from earnings has been doubled across the period which together with other sources of income now make-up almost 50% of a students total income; up by almost 20% from ten years earlier.
It might be speculated that this income generation may have been motivated by the reduction in other sources of funding; and even though total student income has increased by 11.8% (after adjustment for inflation) each student shall have accumulated an increasing burden of loan funding in recent years.